STRONGER HOUSING MARKET

Several Reports Point to Stronger Housing:Existing home sales shot up 10.1% in October and reached the highest level in 2 ½ years, according to the National Association of Realtors. They also reported that the national median home price had the smallest decline in over a year.New home sales jump 6.2%, to reach their highest level in over one year. The U.S. Commerce Department reported that new home sales hit annual rate of 430K with the strongest sales coming from the South. This bodes well for home prices if inventory is being reduced and demand is increasing. I am unusually busy this time of year so things are happening. Call if you want to look or sell.